Multiple Choice Question 80 Waterway Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Total $900 Units Per Unit Price Balance, 1/1/20 180 Purchase, 1/15/20160 5.2 Purchase, 1/28/20 160 Na An end of the month (1/31/20) inventory showed that 160 units were on hand. If the company uses LIFO, what is the value of the ending inventory? $880 $800 $832 $912 Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 75 At May 1, 2020, Bonita Company had beginning inventory consisting of 170 units with a unit cost of $5.60. During May, the company purchased inventory as follows: 850 units at $5.60 580 units at $8.00 The company sold 1110 units during the month for $11 per unit. Bonita uses the average cost method. The average cost per unit for May is $5.600. $8.000 $6.470. $8.469. Click if you would like to show Work for this question: Open Show Work